Paramount Global's Options: A Look at What the Big Money is Thinking

Financial giants have made a conspicuous bullish move on Paramount Global. Our analysis of options history for Paramount Global PARAA revealed 36 unusual trades.

Delving into the details, we found 69% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 22 were puts, with a value of $2,091,835, and 14 were calls, valued at $757,737.

Latest Startup Investment Opportunities:

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $7.5 and $22.5 for Paramount Global, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Paramount Global options trades today is 5637.74 with a total volume of 55,542.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Paramount Global's big money trades within a strike price range of $7.5 to $22.5 over the last 30 days.

Paramount Global Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Paramount Global

Paramount operates in three global business segments: TV media, filmed entertainment, and direct-to-consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, Paramount, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists multiple film studios, most importantly Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct-to-consumer includes multiple streaming platforms, including Paramount+, which now includes Showtime, Pluto TV, and BET+. Much of the content on Paramount's streaming platforms is created by the production studios housed within the firm's other two business segments.

Paramount Global's Current Market Status

• With a volume of 23,089, the price of PARAA is down -0.32% at $21.5.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 0 days.

What Analysts Are Saying About Paramount Global

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $10.0.

• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Underweight rating on Paramount Global with a target price of $10.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Paramount Global options trades with real-time alerts from Benzinga Pro.